(From:CMB-CETA Editor)
The South African government announced the part of the machinery manufacturing and chemical products's import tariffs has been cancelled, which will help reduce the cost of infrastructure construction in the South to alleviate the burden on consumers. It's a part of South Africa's industrial policy. It aimed to reduce of non-South Africa's Import tariffs of local production goods and production costs of manufacturing downstream industrial chain in order to promote growth and employment.